Have you raised your fees lately? If not, now is the time, noted Dr. Roger P. Levin in the latest episode of Dental Practice Made Simple. A small increase can help your practice keep up with inflation for materials, technology, and staffing.
"If you don't raise your fees, let's call that entrepreneurial irresponsibility," Levin said. "I don't mean that in a bad way, but if you're not raising your fees, you're not keeping up with the little bit of inflation that we have."
Levin advised keeping the increase in hygiene fees to a minimum. However, many patients won't notice a 5% increase in fees for other services, such as crowns, tooth whitening, or root canals.
Learn more about how to raise your fees smartly in the episode below.
Dr. Roger P. Levin is CEO of Levin Group, a leading practice management and marketing consulting firm. To contact him or to join the 40,000 dental professionals who receive his Practice Production Tip of the Day, visit LevinGroup.com or email firstname.lastname@example.org.
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